The Travelers Companies, Inc. (NYSE:TRV) Stock Position Cut by Mission Wealth Management LP

Mission Wealth Management LP trimmed its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 24.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,383 shares of the insurance provider’s stock after selling 1,097 shares during the period. Mission Wealth Management LP’s holdings in Travelers Companies were worth $815,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in Travelers Companies by 8.1% in the third quarter. Farther Finance Advisors LLC now owns 2,510 shares of the insurance provider’s stock worth $588,000 after purchasing an additional 189 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of Travelers Companies by 23.6% in the third quarter. Chicago Partners Investment Group LLC now owns 1,664 shares of the insurance provider’s stock valued at $428,000 after buying an additional 318 shares during the period. Confluence Wealth Services Inc. bought a new position in Travelers Companies during the third quarter valued at about $209,000. National Pension Service grew its holdings in Travelers Companies by 12.3% during the third quarter. National Pension Service now owns 674,518 shares of the insurance provider’s stock worth $157,918,000 after acquiring an additional 73,888 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in Travelers Companies by 14.0% during the third quarter. QRG Capital Management Inc. now owns 62,534 shares of the insurance provider’s stock worth $14,641,000 after acquiring an additional 7,689 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Down 1.9 %

Shares of Travelers Companies stock opened at $255.85 on Wednesday. The stock has a 50-day simple moving average of $243.86 and a 200-day simple moving average of $243.99. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The firm has a market cap of $58.01 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the firm earned $7.01 EPS. Travelers Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.64%. Travelers Companies’s dividend payout ratio is currently 19.56%.

Analyst Ratings Changes

TRV has been the subject of several research reports. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Barclays raised their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Tuesday, December 10th. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Finally, Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $261.05.

Travelers Companies Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.